UQM Technologies, Inc. 2014COMPANY OVERVIEW

Innovative solutions for electrifying vehicles

Forward‐Looking Statements

This presentation contains statements that constitute “forward-looking statements” within the meaningof Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Thesestatements appear in a number of places in this presentation and include statements regarding ourplans, beliefs or current expectations; including those plans, beliefs and expectations of ourmanagement with respect to, among other things, new product developments, future orders to bereceived from our customers, sales of products from inventory, future financial results, liquidity and thecontinued growth of the electric-powered vehicle industry. Important Risk Factors that could causeactual results to differ from those contained in the forward-looking statements are contained in ourannual report on Form 10-K and Forms 10-Q, which are available through our website atwww.uqm.com or at www.sec.gov.

Innovative solutions for electrifying vehicles

Our Vision

To create the world’s leading motor and controller systems for hybrid and 

electric vehicles.

Innovative solutions for electrifying vehicles

Delivering the Heart of the EV

Industry Overview Innovative solutions for electrifying vehicles

Key Market Drivers

Improved Experience

• Fun to drive• Better mileage• Lower operating costs• Quiet operation• Zero tail pipe emission

Political Will

• Country‐specific clean vehicle goals

• Investment subsidies• Consumer incentives 

Regulatory Push

• US CAFE standards• Global CO2 standards• CA mandates 15.4% of new cars to be either Electric Vehicle (EV), Plug‐in Hybrid (PHEV) or Fuel Cells by 2025

EV Market Growth

Innovative solutions for electrifying vehicles

EV Sales Targets

Source: International Energy Agency, April 2013

“6 million EV’s on the road by 2020”

Medium‐Heavy Duty Market

“The market for electric buses and taxis will multiply over 8 times in the next decade, approaching $60 billion

not long after that.”

Source: Hybrid and Electric Buses and Taxis 2013-2023

Market Growth Accelerating Innovative solutions for electrifying vehicles

Proterra EcoRide™Proterra EcoRide™

2013 Key Market Drivers Innovative solutions for electrifying vehicles

EV sales up 486% vs. 2012

EV/PHEV sales +230% vs. 2012

8 new EV or PHEV vehicles on the road last year

Tesla Model S

Ford C‐Max Energi

Ford Fusion Energi

Chevrolet Spark

Honda Fit

Fiat 5000e

Smart 4‐2 Electric

Honda Accord Plug‐in

Strategic Priorities Innovative solutions for electrifying vehicles

Penetrate full range of EV markets

New global customer development and current customer growth

Lead the industry’s next generation of products

Operational excellence 

Cash flow positive and profitability

Strategic Priorities Innovative solutions for electrifying vehicles

New global customer development and current customer growth

Lead the industry’s next generation of products

Operational excellence 

Cash flow positive and profitability

Penetrate full range of EV markets

Phase II

Building the Foundation• R&D• Pilot programs

Market Penetration• Customers announced•Initial volume launches

Near‐term Acceleration• Select strategic customers

• Volume ramps

Long‐termGrowth• Expand global OEM reach

• Mass market penetration

Our Path to Success

Phase I

Phase IIIPhase IV

Penetrate All Segments and Regions Innovative solutions for electrifying vehicles

Trucks, Vans

Passenger Cars

Other

Buses

Customer Growth

China Europe

China Europe

Strategic Priorities Innovative solutions for electrifying vehicles

Lead the industry’s next generation of products

Operational excellence

Cash flow positive and profitability

New global customer development and current customer growth

Penetrate full range of EV markets

New Production Customers

Target regions: United States, Asia 

and Europe

Target regions: United States, Asia 

and Europe

Target markets:bus, truck and 

passenger vehicles

Target markets:bus, truck and 

passenger vehicles

Develop key relationshipsDevelop key relationships

Build upon existing brand equity 

Build upon existing brand equity 

Global Sales Strategy Innovative solutions for electrifying vehicles

Recent Milestones  Innovative solutions for electrifying vehicles

Building Momentum

• Audi A1 e‐tron 2nd Phase Build• Hino Truck/Bus Contract• EVI UPS Contract• Boulder EV Delivery Van Order

2013 • Boulder EV Long Term Agreement• EVI Long Term Agreement• Proterra EV Bus 3‐year Supply Contract• Audi A1 e‐tron EV expands test fleet• Denver RTD Hybrid Bus Order• Zenith Motor Van Order

2012

Audi A‐1 e‐tronAudi A‐1 e‐tron

Supply Contracts & Long Term Agreements

• Long term agreement signed in late 2012• Deliveries underway to support long‐term contract 

• Long term agreement signed in 2013• Building delivery vans for UPS and Frito Lay

• Long term agreement signed in 2013• Building delivery vans for UPS and DoD SPIDERS program

• Began refurbish program in late 2012• Hybrid bus fleet

• Initial deliveries underway• All‐electric shuttle vans

Strategic Priorities Innovative solutions for electrifying vehicles

New global customer development and current customer growth

Operational excellence

Cash flow positive and profitability

Lead the industry’s next generation of products

Penetrate full range of EV markets

New ProductsInnovative Technology

High Power Density

Greater RPM Range

Higher Performance

High Efficiency

Permanent Magnet 

Motor and Controller

Patented Adaptive Software Control

Smaller and Lighter Weight

Consumes Less Energy

Longer Range

SYSTEM GREATER THAN SUM‐OF‐THE‐PARTS

PowerPhase® Systems Built for a Broad Range of Applications PowerPhase® Systems Built for a Broad Range of Applications 

Full Electric Fuel CellPlug‐in Hybrid EV

Extended Range

Parallel Hybrid

Series Hybrid

New ProductsHigh Performance Products Innovative solutions for electrifying vehicles

Proterra busProterra bus

EVI commercial vanEVI commercial van

Boulder EV light‐duty truckBoulder EV light‐duty truck

Audi passenger vehicleAudi passenger vehicle

New ProductsCommercial Vehicle Products Innovative solutions for electrifying vehicles

PowerPhase HD® 220

700 Nm peak torque

220 kW peak, 120 kW continuous motor power

Full power from 370 to 450 VDC

Maximum speed 6,000 RPM

PowerPhase HD®950T (High Torque)

950 Nm peak torque

144 kW peak, 100 kW continuous motor power

Full power from 370 to 450 VDC

Maximum speed 4,500 RPM

UP TO 95%TOTAL SYSTEM EFFICIENCY

New ProductsPassenger Vehicle Products Innovative solutions for electrifying vehicles

PowerPhase Pro® 100

300 Nm peak torque

100 kW peak, 80 kW continuous motor power

PowerPhase Pro®135

350 Nm peak torque

135 kW peak, 80 kW continuous motor power

Next Generation of PowerPhase®  Products

Leading edge features and performance

Reduced size for easier packaging

Provides higher efficiency across a broader 

range of operating conditions

UP TO 94%TOTAL SYSTEM EFFICIENCY

Strategic Priorities Innovative solutions for electrifying vehicles

New global customer development and current customer growth

Lead the industry’s next generation of products

Operational excellence

Cash flow positive and profitability

Penetrate full range of EV markets

Experienced Team

Eric Ridenour, President and Chief Executive Officer• Chief Operating Officer, Chrysler and Board of Management, DaimlerChrysler• Previous roles at Chrysler‐ EVP of Engineering, VP of Premium Vehicle Team, VP of Product Planning

David Rosenthal, Chief Financial Officer• Previously Director, President and Chief Executive Officer, Cyanotech Corporation• Previously Chief Financial Officer of Sanz, Inc. and Hickory Farms

Jon Lutz, Vice President of Engineering• UQM Engineering executive for 19 years • Inventor/co‐inventor of several of UQM’s key patents

Adrian Schaffer, Vice President of Sales and Business Development• Previously VP, Sales for Linamar • Previously senior sales executive with Motorola focused on the vehicle market

Joe Mitchell, Vice President of Operations• 25+ years experience in automotive sector focused on operations and quality control• 11 years hybrid experience with Continental, Siemens VDO and Ballard

Innovative solutions for electrifying vehicles

World Class Facility Innovative solutions for electrifying vehicles

130,000 sq. ft. facility featuring:• Mixed model assembly lines allowing capacity flex between products

• Up to 56,000 systems per year

• ISO/TS 16949:2009 registered

Strategic Priorities Innovative solutions for electrifying vehicles

New global customer development and current customer growth

Lead the industry’s next generation of products

Cash flow positive and profitability

Operational excellence

Penetrate full range of EV markets

Road to Profitability Innovative solutions for electrifying vehicles

*Based on Fiscal Year 2014 10-K

$7 million revenue

All products have strong positive margins

Strong balance sheet*

$10.3 million in cash

$20 million in working capital

No debt

Aggressive conversion of inventory into cash will improve liquidity

Phase IPhase II

Phase IIIPhase IV

Building the Foundation• DOE Grants• Low volume test production

Market Penetration•Establish manufacturing facility•Current customer launches•Cost offset by grants

Near‐term Acceleration•Capex driven by new customer demand•Cost offset by grants

Long‐term Growth•Multiple global ramps•Expand manufacturing capacity

Capex Requirements

Profitability

Potential Accelerated Profitability

The Road to Profitability

Driving to Profitability Innovative solutions for electrifying vehicles

Emerging markets with strong growth

Leading products

Seasoned management team

Global customer base

Well capitalized 

Innovative solutions for electrifying vehicles

UQM Technologies, Inc. 2014COMPANY OVERVIEW